I blog about environmental and social justice issues because I am very concerned about the health of the interdependent web of life of which we are a part.

Melting Arctic ice.......beautiful and frightening!

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Saturday, February 26, 2011

Subsidies to Fossil Fuel

You know I have often heard discussion at the local Timmie's regardin goil and cola corporations.  Folks are sympathetic when they consider  how sickly  - how impoverished - oil companies are in Canada.  Ditto those poor, poor coal mining corporation s- hardly make enough to feed and clothe their CEOs.   Why, fossil fule corporations barely made a hundred billions last year worldwide.

No?  You haven't heard that either?  Why in hell is the federal government subisdizing them?
http://www.rabble.ca/news/2011/02/its-time-end-canada%E2%80%99s-billion-dollar-handout-big-oil-and-coal
Meanwhile, the federal government subsidizes oil companies to the tune of $1.4 billion every year, according to the International Institute for Sustainable Development (IISD). It's more if you factor in other fossil fuels such as coal.
If the government ended those subisidies, and directed them to the clean energy industry, wouldn't we all be better off in the long run? 

And why doesn't the mainstream media mention those subsidies more often?

The Climate Action Network is working to get the federal government to end those irresponsible tax breaks.
Please go to
http://www.climateactionnetwork.ca/e/fossil-tax-breaks/index.php
and add your voice to those protesting this.

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